AAP

The Australian share market has closed lower despite recovering much of the ground lost in early trade due to a negative lead from overseas markets

The Australian share market has come under pressure in early trade as investors take cues from a weak close on Wall Street on Friday and a lack of local drivers.

The Australian dollar has hit a five-month low against its US counterpart before recovering to be little changed.

Oil has rebounded more than two per cent after falling for five straight session as a major US crude pipeline was shut and traders anticipated an OPEC deal to extend curbs on production.

Gold has jumped to a one-month high as the dollar softened on uncertainty about the progress of a proposed overhaul of the US tax code that would be the biggest since the 1980s.

The $11 billion merger of gaming giants Tabcorp and Tatts Group is back on track for now, after the Australian Competition Tribunal gave the deal a green light for a second time.

The Australian share market has closed higher with gains for consumer, banking and IT stocks continuing a positive lead-in from Wall Street on Friday.

Better-than-expected US company earnings and optimism that President Donald Trump's tax cuts will proceed has helped drive Australian shares higher.

The Australian dollar is a little lower against its US counterpart as risk appetite turns a little more positive thanks to solid earnings and revived optimism over US President Donald Trump's promised tax cuts.

Oil prices have again ended lower on increased concerns about growth in US production and inventories, despite expectations that major world producers will extend a supply-cut deal later in November.

Gold prices are slightly lower, trading in a tight range as the US House of Representatives pass its version of sweeping tax cuts and investors weighed possible changes in fiscal policy against the impact of an expected rise in US interest rates.

The share market has closed higher as takeover speculation fueled a big gain for gas giant Santos and other sectors recovered from early weakness.

Shares in energy giant Santos have soared to a 15-month high after the company confirmed it recently rejected a takeover offer from a major US investor worth almost $9.5 billion.

The share market is following a negative lead from overseas markets, weighed down by weakness among miners and banks.

The Australian dollar is hardly changed against a little changed US dollar.

Oil prices have fallen for a fourth session after the US government reported an unexpected increase in crude and petrol stockpiles, but an increase in refining runs and a drawdown in distillates he

Gold prices have dropped in see-saw trade, first rising to the highest since October 20, then sliding and hovering near session lows, as the US dollar pared losses.

Australian businesses have cheered the nation's majority 'yes' decision in support of same-sex marriage and are urging federal parliament to legislate quickly.

The Australian share market has closed lower after sharp falls in oil and base metal prices weighed on energy and mining companies.

The materials and energy sectors are under pressure in early trade as the Australian share market continues to reverse its climb past 6,000 points.

Oil prices have fallen for a third day in a row as forecasts for rising US crude output and a gloomier outlook for global demand growth in a report from the International Energy Agency (IEA).

Gold rose slightly on Tuesday, as a weakening US dollar and sluggish stock market helped pull the precious metal off a one-week low hit in early trade, while traders also said uncertainty over the fate of a US tax cut prompted some safe-haven buying of gold.

The Australian dollar is steady against the US dollar after an up and down night of trade that saw the currency peak near 76.50 US cents.

The share market has taken its sharpest fall in seven weeks as profit-takers moved in, selling off across the market and dropping the benchmark index back under 6,000 points.

A weak start to trading has sent the share market's leading index back below the 6,000-point level it broke last week.

The Australian dollar has continued its slide against a steady US dollar, with little news to give it impetus.

Oil prices have held steady in a tight range after briefly testing lower, with support from Middle East tensions and record long bets by fund managers balanced by rising US production.

Gold recouped some of the previous session's hefty losses on Monday as the US dollar steadied and uncertainty over a US tax reform plan stoked risk aversion, pulling equities from their recent record highs.

The Australian share market has closed slightly lower, dragged back by two of the big four banks - ANZ and Westpac - trading ex-dividend.

Cement and masonry supplier Adelaide Brighton, which owns Cockburn Cement, is investigating some transactions that may have hidden customer underpayments for supplied products.

The Australian share market has opened lower as two of the four big banks trade ex-dividend, and following a largely negative lead from Wall Street.

Crude is down slightly as expectations that OPEC and other producers will extend their production cut agreement were offset by US drillers adding the most oil rigs in a week since June, indicating output will continue to grow.